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$ 500,000
Est. payment | /mo
4,236 SqFt
$ 500,000
Est. payment | /mo
4,236 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 4,236 sqft
Price per Sqft $118
MLS Listing ID 12486593
Maintenance Fees $3,600
Year Built 1897
Annual Tax Amount $2,743
Tax Year 2023
Lot Dimensions 4500
Property Sub-Type Multi Family 5+
Property Description
We are pleased to present for sale 735 E 88th, a six-unit multi-family investment property in the Chatham neighborhood of Chicago. The property is composed of six four-room 1-Bed/1-Bath apartments and a three-car garage that features updated electric, updated rear porch, central boiler heat (~8 years old), common hot water, newer windows, hardwood floors throughout, multiple units with updated kitchen and baths, and is located in a low-density pocket of south Chatham. 735 E 88th provides an excellent opportunity for an investor to re-lease the property to local subsidies that are currently offering 1300 to 1400 for one-bedroom residences with heat and hot water included. Upon stabilization, 735 E 88th has the potential to realize a 10-12 annual capitalization rate.
Location
State IL
County Cook
Area Chi - Chatham
Zoning MULTI
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
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Listed by Thomas Hart of 33 Realty